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Property profile & analytics
OFF-MARKET
Land

145 Atlantic Ave Atlantic Ave Westerly, RI 02891

Built 2015
Property ID
Property summary
AI-generated overview

This exceptional beachfront inn presents a lucrative investment opportunity. Located at 145 Atlantic Avenue in Westerly, Rhode Island (zip code 02891), this 2015-built property sits on a desirable 22,216 square foot lot. The three-story building features 23 guest rooms, each complete with a private bath and private balcony offering stunning Atlantic Ocean views. An additional office space is available for guest services. The inn's prime location in Misquamicut, bordering Watch Hill and Weekapaug, provides easy access to the coastal charm of Rhode Island. Conveniently situated just 45 minutes from T.F. Green Airport in Providence, this property also benefits from Westerly's train station, offering convenient commuting options to New York and Boston. The town of Westerly itself boasts a quaint, appealing atmosphere and also has a private airport. This unique property offers significant potential for growth and return on investment in a highly sought-after coastal location. The asking price is $7,500,000.

Property profile
Verified
Property type Land
Year built 2015
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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